# SPCM Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, SPCM missed two times SpaceX's daily return by 12.5 basis points a day on average, on its closing price.

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026 . Rebuilt every trading night.

## SPCM daily tracking

Over the 90 days to Nov 4, 2026, SPCM missed two times SpaceX's daily return by 12.5 basis points a day on average, on its closing price.

| Window | Read on | Average daily miss, bp | Signed average, bp | Tracking error | Up days, bp | Down days, bp | Up less down, bp | Confidence |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 30 days to Nov 4, 2026, 22 daily returns | closing price (stated) | 12.6 | −5.9 | 2.33% | −11.4 (9 days) | −2.0 (13 days) | −9.4 | Not enough days |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 12.5 | −4.0 | 2.50% | −4.4 (31 days) | −3.5 (32 days) | −0.8 | Not significant (t −0.2) |

### SPCM's largest daily misses

The 5 days SPCM strayed furthest from its daily target in the 90 days to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.

| # | Day | Read on | SpaceX moved | Target | SPCM returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Aug 14, 2026 | closing price | −0.91% | −1.83% | −2.41% | −0.58 pts |
| 2 | Oct 21, 2026 | closing price | +7.79% | +15.59% | +15.21% | −0.38 pts |
| 3 | Aug 26, 2026 | closing price | +1.22% | +2.44% | +2.07% | −0.36 pts |
| 4 | Oct 23, 2026 | closing price | +1.89% | +3.79% | +3.49% | −0.29 pts |
| 5 | Aug 12, 2026 | closing price | +9.65% | +19.30% | +19.56% | +0.27 pts |

### Method

The daily miss is SPCM's return each day less two times SpaceX's return that day. A basis point is a hundredth of a percentage point. Each window is read twice where ETFIQ holds both NAVs: on NAVs, and on closing prices. It is stated on the closing price because its NAV or its target's is not struck at the 4:00 p.m. close. SPCM ranks 47 of 494 2x leveraged ETFs on its 90-day average daily miss. Up days and down days split the miss by whether SpaceX rose or fell; Significant means the gap is at least two standard errors from zero. The average miss carries its sign: a negative one is what the fund kept below its target each day, its fees and financing among it. Not every fund here has traded for a year, and a number over eight months does not order against one over twelve. This page lists each fund with its window and dates instead of ranking them. It becomes a ranking on the night four of them share a full year. Every window ETFIQ can measure for SPCM is listed.

### Where to next

### Sources

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A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, SPCM daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/spcm/tracking/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/funds/spcm/tracking/